Despatches hit a low in September
There are reports that there is a decline in the demand and cement despatches for September. Initial data from companies shows that growth in September could be the lowest in last six months. Grasim and UltraTech, together in September saw a growth of 15.8 per cent in despatches, which in August stood at 32.15 per cent. Jaiprakash Associates and Shree Cement fell from 42.64 per cent to 12.74 per cent and 29.76 per cent to 13.81 per cent, respectively. ACC saw a 2.4 per cent dip in its September's despatches at 1.63 million tonnes. Ambuja Cements witnessed a drop of 0.73 per cent in despatches. Prices also dipped Rs 5 a bag (each of 50 kg) across the country.